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20121205
20121213
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KGO (ABC) 2
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ABC
Dec 7, 2012 11:00pm PST
minus 24 days and counting until the fiscal cliff deadline. no progress was made in washington. the main sticking point are about tax cuts that are set to expire and the president's demand that the wealthy pay more in taxes. the uncertainty of what is going to happen is starting to have an impact on donations to charity. abc7 news reporter ama dates dates is live in the newsroom. >> it is possible the tax deduction for charitable giving could be capped next year. so the question is do you hold on to your money during the financial uncertainty or donate more while you know you will get a deduction. for one charity in san francisco it seems people are doing a little of both. the food pantry at the st. anthony foundation is in good shape today, but overall donations are down for the year. >> we are a little bit behind where we would like to be, where we are budgeted to be. >> the interim executive director says the charity is seeing interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that ki
ABC
Dec 8, 2012 1:05am PST
interesting trends this holiday season that may have to do with the impending fiscal cliff. >> we are seeing people who have never given us a stock donation before stepping up and making that kind of gift to us. >> they could be concerned that the tax deduction for chair writ believe a giving would be cut saving the government money. private wealth advisor says it can make sense to get more bang for your donation buck. it would help charities this year, but people may be less generous in years to come. >> people who would like to donate some this year and potentially some next year may try to double up and donate more this year. >> but the uncertain financial future is also causing fear. >> and many people are afraid to make any move, so then there is paralysis because if you don't know what is coming and you try to stay as liquid as you can. we try to hold on to what we have. you are not as willing to donate or spend in general. >> st. anthony's is seeing this as well. >> some of the people who traditionally have given us end of year stock donations. we are seeing about half of those coming through. joy st. anthony's -- >> st. anthony's is optimistic their donors will come through. >> it is thr is a real sense of compassion. >> and he he sa
Search Results 0 to 1 of about 2